Report – Galvanizing Clean Energy Investment in the United States

Peter Ogden, Mari Hernandez, and Ben Bovarnick | Center for American Progress. April 3, 2014: “The United States has long been a top destination for clean energy investment, which has helped it to capture many of the near-term economic, energy security, and environmental benefits that stem from expanded domestic clean energy generation. Since 2004, in fact, clean energy investment in the United States increased nearly 250 percent and reached $36.7 billion in 2013. However, America will need to do more to continue to compete successfully in the burgeoning clean energy economy. After leading the global clean energy investment race until 2008, the United States has fallen behind China in four of the past five years. The countries that lead in clean energy investment can increase clean energy manufacturing capacity; secure greater global market share for their clean energy products; create jobs at home; and help build strong economies fueled by energy and technologies that hedge against energy price volatility and future carbon pricing. To maintain its competitiveness, the United States will need to take bold new steps that build on what has been accomplished over the past five years and fill the voids left by the winding down of many of the important clean energy and energy-efficiency programs and investments made through the American Recovery and Reinvestment Act of 2009, or ARRA…The United States has long been a top destination for clean energy investment, which has helped it to capture many of the near-term economic, energy security, and environmental benefits that stem from expanded domestic clean energy generation. Since 2004, in fact, clean energy investment in the United States increased nearly 250 percent and reached $36.7 billion in 2013. However, America will need to do more to continue to compete successfully in the burgeoning clean energy economy. After leading the global clean energy investment race until 2008, the United States has fallen behind China in four of the past five years.”

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